RBC Capital Downgrades Atlantica Sustainable Infrastructure(AY.US) to Hold Rating, Cuts Target Price to $22
The last time electric power stocks in the United States were so crazy was also during the technology frenzy.
Similar to today, in the 1990s, the expected returns of independent electrical utilities stocks were much higher than regulated utility company stocks. At that time, independent electrical utilities were constructing power plants on a large scale, resulting in eventual overcapacity. However, now it seems that electrical demand will inevitably increase, so they should not face similar issues.
Prominent Wall Street short sellers: Investors should focus on defensive stocks earnings and wait for clearer employment data.
Morgan Stanley maintains a neutral stance on defensive stocks related to cyclical sectors in the economy, waiting for 'clearer' employment data. The bank believes employment data is a key driving factor for the year-end stock market.
Atlantica Sustainable Infrastructure Goes Ex Dividend Tomorrow
Wall Street's Most Accurate Analysts Give Their Take On 3 Utilities Stocks Delivering High-Dividend Yields
Express News | Atlantica Holds Shareholders’ Meetings to Approve Its Acquisition by Energy Capital Partners and Co-Investors